VNB
TechnologyValuation Breakdown
Technology companies combine high growth potential with the risk of overvaluation. This model blends DCF (60% weight, capturing long-duration growth) with a P/E sanity check (40% weight, capping speculative excess). The DCF uses the slowest growth decay (0.05) recognizing that tech companies can sustain competitive advantages longer. The P/E component applies a dynamic ceiling: max P/E = min(growth% x 1.5, 30), preventing runaway valuations.
Valuation Track Record
Retroactive intrinsic value vs actual close price — VNB
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
The Beneish M-Score of 3.5784 indicates a high likelihood of earnings manipulation, particularly concerning the high DSRI of 7.2306, which suggests aggressive revenue recognition practices. Additionally, the earnings quality score of 27.3/100 reflects significant weaknesses in cash conversion and receivables management, raising further concerns about the reliability of reported earnings.
- Beneish M-Score of 3.5784 exceeds the manipulation threshold of -1.78, indicating potential earnings manipulation.
- DSRI of 7.2306 suggests excessive growth in receivables compared to sales, which can indicate aggressive revenue recognition.
- Earnings Quality Score of 27.3/100, with cash conversion at 0.0/100, raises concerns about the sustainability of earnings.
- GMI of 0.9758 and AQI of 0.9629 indicate relatively stable gross margins and acceptable accrual quality, suggesting some operational strength.
- The ownership structure shows a strong institutional presence with Tập đoàn Vingroup holding 65.3%, which may provide stability and governance oversight.
The high concentration of ownership by Tập đoàn Vingroup (65.3%) may lead to potential conflicts of interest and reduced minority shareholder protections, especially given the involvement of state entities.
Investors should exercise caution and conduct further due diligence on VNB, particularly focusing on cash flow statements and revenue recognition practices. Monitoring upcoming financial disclosures for any signs of improvement in earnings quality metrics is advisable.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for VNB — hover nodes for intel, click to navigate